Series A investment to further accelerate growth and lead partners to bring transformational commercial synergies.
London, 26 May 2022 - Titanbay, the private markets investment platform for sophisticated investors, is pleased to announce that it has successfully closed a Series A funding round, securing the backing of Motive Partners, abrdn and FNZ.
Through the backing of leading brands in financial technology investing, asset management and wealth management, Titanbay has secured significant growth capital alongside transformational commercial synergies with each of the lead investors.
Titanbay offers unparalleled access to top-tier private markets funds to institutional investors both directly and in partnership with leading private banks and wealth managers. Through its innovative technology platform, it gives investors access to curated best-in-class funds, as well as bespoke structuring, streamlined marketing and operations, professional analytics and potential liquidity via a secondary market. Titanbay also supports private banks and wealth managers by simplifying investing in private markets for a wider client-set through institutional level of access, reduced investment minimums and a sophisticated yet intuitive technology solution that is modular and provides full flexibility and control.
Through the partnership with abrdn, Titanbay will benefit from its fund selection resources, expertise in building tailored private equity solutions, leading ESG capability and privileged access to GP allocations including co-investment and secondary opportunities. Additionally, abrdn and Titanbay are exploring opportunities to offer Titanbay’s platform within their wider ecosystem.
Motive Partners, through its Motive Early Stage vehicle, brings extensive investment experience working with technology companies that enable the financial economy. By utilising their differentiated expertise, connectivity and capabilities Motive seek to help create long-term value, such as by potentially facilitating increased access to alternatives products for Titanbay.
The partnership with FNZ, the leading global wealth management platform, will enable Titanbay to be integrated into FNZ’s marketplace and ecosystem as a chosen partner for alternative assets and become a key part of its offering to both new and existing clients globally, significantly increasing the reach and growth opportunities within wealth managers for both partners.
Thomas Eskebaek, CEO of Titanbay, commented:
“We are delighted to have received the backing of Motive Partners, abrdn and FNZ for our series A. We believe that they provide far more than just capital and that their extensive expertise and the affiliated commercial opportunities they bring will drive truly transformational growth in our business. We look forward to working closely with all of our new investors, the calibre of whom is testament to the quality of the platform we have built, and the strong market demand for solutions that widen access to the private markets in a responsible and sophisticated manner.”
Alistair Watson, Head of Strategy Innovation – Private Equity, of abrdn added:
“We are delighted to partner with Titanbay on their growth journey. We believe that making private markets investments accessible is essential, particularly as challenging economic conditions have enhanced the role that private markets can play as both a possible returns generator and risk diversifier. We are excited about this collaboration as we leverage our existing networks and investment expertise to allow opportunities in private markets to be accessed by a much wider investor universe.”
Mariano Belinky, Industry Partner at Motive Partners added:
“We believe the democratization of alternative investments is an accelerating trend globally, and Titanbay, with its exceptional team, vision and first-class partners and investors is pre-eminently placed to deliver on this trend in Europe and beyond. We look forward to supporting their growth and the important role they will play in the evolution of the alternatives space.”
Din Mustaffa, Chief Strategy Officer of FNZ comments:
“The private markets investment sector is made up of around $10 trillion of assets globally, most of which has been historically inaccessible by regular investors. We look forward to having Titanbay form part of our marketplace and ecosystem, enabling the 20+ million end investors using FNZ powered platforms to further diversify their portfolios.
FNZ remains committed to solving the problems faced by consumers of long-term savings products, by using our own technological and servicing capabilities and by supporting wider independent innovations in the sector.